J&J Snack Foods reported a 6.2% decline in fiscal third-quarter net sales to $426 million, as higher freight and fuel costs weighed on earnings. Adjusted EBITDA fell 6.4% to $67.4 million, and adjusted earnings per share slipped to $1.96 from $2.00 a year earlier. Foodservice sales dropped 8.3% to $254.3 million, largely due to planned bakery SKU reductions, while retail sales rose 1.7% to $64.9 million on brand momentum and product launches. Frozen beverage sales fell 5.8% to $106.7 million, as beverage growth was offset by declines in service and machine sales. Management raised its annualized cost-savings target under Project Apollo to at least $25 million, including $20 million from plant consolidation, and expects a return to organic growth in the first quarter of fiscal 2027.
J & J Snack Foods CorpQ3 sales fell 6.2% and adjusted EPS declined to $1.96 from $2.00, with higher freight and fuel costs weighing on earnings.
